You all got wrong, Intel building fabs in china will help bring down cost of intel chips or make intel richer which means putting more spare money in the hands of customers.
But the big Q is who will pay the prospective customers at the end of the month to make them buy chips?
What, china steals IP? really, they still keep doing that, do they?

Mandarin is not difficult to learn. That's not the issue. What the U.S. needs is a strong hi-tech, energy and manufacturing policy to compete with the rest of the world. Agree or disagree? (will99878898, not sure what you mean. FYI. I lived in Greater China for 5 years! I respect 5,000 years of history. But now, it's time for the U.S. Sleeping Giant to wake up!)

yeah, this suppose to be a global ... community, and it happens to be in English. If it's in Japanese I guess we ll all get a Japanese nickname.
anyway. You guys all get a English name and talking in ENGLISH although not all of you are English. It doesn't matter though, you borrowed it and use it.
The koreans anyway takes the pain to create their own language which is not quite nesssary.

Make no mistake. China is still smarting from the humiliation it received in the 19th century from the British during the Opium Wars, not to mention the foreign enclaves that were setup on China's coast, stomping on their national sovereignty. They regard the existence of Taiwan is a slap in the face. They aim to settle it one way or another. They may prefer a peaceful resolution, but if that can't be had, they are slowing building their military forces so that they can reclaim Taiwan. China is building weapons that are specifically designed to with 1 punch knock out of an American Super Carrier without using a nuke.
So, which brings me back to electronics, do I think that it is foolish for Intel to be building a fab in China? YES!!!

Folks, it is a HUGE mistake to put a 300 mm fab in China. If it's anything like any other companies that do business in China, the non-Chinese company is required to have a Chinese partner to "help" the outside company. The "help" is that those people are there to steal the technology and transfer the technology to the indigineous Chinese companies. But more importantly, even having sub 70 nm technology has serious implications for military technology. It is foolish in the extreme to setup shop in China. It's more like receiving an opiate from a drug dealer. Once you become addicted, in this case, to Chinese profits, they have you. And they keep uping the ante as to what you have to build in their country in order to continue doing business there.
Make no mistake about it. The Chinese gov't is behaving as a merchantilist. They dictate the value of the yuan, rather than allowing the free market to decide the value of their currency. One can't forget the rather shoddy products that have come out of China, not to mention the tainted food items, which may be a bit off topic.
But still, this is a war. They are out to steal the rest of the world's know how. Building a fab there is extremely perilous, especially given the non-existent protection for intellectual property. But more importantly, but setting up shop there, the Chinese are learning the know how, and that is at the expense of jobs in the West.

Just want to add that Intel approached India for setting up a fab. From what I heard, Intel was very interested but somehow the red-tapism in the Indian bureaucracy prevented this from happening. I guess, India dint even have a semiconductor policy and the lack of promise for infrastructure can really upset a company looking to set up a fab. Feel sorry, for the $2.5 B in investments and thousands of hi-tech jobs had to travel further east.

In conjunction with unveiling of EE Times’ Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. One of Silicon Valley's great contributions to the world has been the demonstration of how the application of entrepreneurship and venture capital to electronics and semiconductor hardware can create wealth with developments in semiconductors, displays, design automation, MEMS and across the breadth of hardware developments. But in recent years concerns have been raised that traditional venture capital has turned its back on hardware-related startups in favor of software and Internet applications and services. Panelists from incubators join Peter Clarke in debate.